Prices Are The Facts Now

"Prices have changed more than the facts, thereby creating a scenario in which the selloff will (eventually) need confirmation from the real economy that elevated optimism is warranted."

Not understanding the prices are the facts in the market now, that markets are divorced from fundametals and trading on their own formulations, is what will eventually wipe out central banks and all investors who don't understand it. If you want real facts, ignore market prices. Inside the market, prices are the facts.